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Property and Equipment

3 Months Ended

Jun. 29, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment, net consists of the following:

						June 29, 2024						March 30, 2024
						(millions)
Land and improvements						$	15.3					$	15.3
Buildings and improvements						412.0						416.8
Furniture and fixtures						627.3						627.1
Machinery and equipment						393.0						389.5
Capitalized software						560.0						558.5
Leasehold improvements						1,256.0						1,249.4
Construction in progress						48.5						46.2
						3,312.1						3,302.8
Less: accumulated depreciation						(2,486.1)						(2,452.4)
Property and equipment, net						$	826.0					$	850.4

Property and equipment, net includes finance lease right-of-use ("ROU") assets, which are reflected in the table above based on their nature.

Depreciation expense was $51.1 million and $54.9 million during the three-month periods ended June 29, 2024, and July 1, 2023, respectively, and was recorded primarily within SG&A expenses in the consolidated statements of operations.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

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